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Kumar, Manmohan S.; Quinn, Dennis P. - 2012

between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD …

Persistent link: https://www.econbiz.de/10012671627

How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels

Terrones, Marco E. - 2007

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …

Persistent link: https://www.econbiz.de/10014400319

Globalization and Income Inequality : A European Perspective

Harjes, Thomas - 2007

There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These …

Persistent link: https://www.econbiz.de/10014403015

Systemic Financial Risk in Payment Systems

International Monetary Fund - 1990

Efficient and stable payments systems are of fundamental importance in maintaining an orderly international monetary system. Major disruptions of national and international payments systems would have highly adverse effects on international trade, capital flows, and real activity. A key...

Persistent link: https://www.econbiz.de/10014396195

Systemic Requirements for Monetary Stability in Eastern Europe and the Former Soviet Union

Rostowski, Jacek - 1994

The primary function of banks during economic transformation is seen to be provision of an efficient payments mechanism. The lack of banking skills, particularly in credit allocation, is seen as the major problem in stable monetary systems. This is a problem which can be expected to last many...

Persistent link: https://www.econbiz.de/10014396465

The Payments System and its Effectson Monetary Operations : Recent Experience in the Russian Federation

International Monetary Fund - 1994

Recent developments and reforms in the Russian payments system are discussed from the perspective of their impact on monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated the conduct of monetary policy. However, reforms in...

Persistent link: https://www.econbiz.de/10014397790

Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy

Hook, Andrew T. - 1992

The objectives and functions of payments systems in centrally planned economies are described and analyzed. These are compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant role of the state in the centrally planned...

Persistent link: https://www.econbiz.de/10014397914

Enterprise Arrears in Russia : Causes and Policy Options

Bigman, David - 1993

This paper examines the causes of the large buildup of enterprise arrears in Russia during 1992, and evaluates policy options to deal with them. Noting the experience of. Eastern European countries, the paper emphasizes that the settlement of arrears through wholesale extension of credit would...

Persistent link: https://www.econbiz.de/10014398347

The Reform of Wholesale Payment Systems and its Impacton Financial Markets

Schoenmaker, Dirk - 1996

This paper reviews the ongoing efforts to reduce the risks inherent in the world’s principal wholesale payment systems. The paper assesses the major policy proposals to contain the growth in intraday credit exposures that arises in net settlement wholesale payment systems and in the real-time...

Persistent link: https://www.econbiz.de/10014398643

The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe

International Monetary Fund - 1994

The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and...

Persistent link: https://www.econbiz.de/10014398716